Nov 30, 2012 2:30pm PST
.s. and israel. both threaten to sanction palestinian request. israel today announced the construction of 3000 more settler homes in response. >> many hope it will be for step toward independence and true statehood. >> life remains the same in the palestinian territories, but many say the united nations vote has given them a new outlook. >> it is a beautiful feeling. there's hope that our children will grow up in an independent nation with its own voice, and that is a feeling that is hard to describe it. >> the decision came after a powerful appeal by the palestinian authority president in new york. >> the general assembly is called upon today to issue a birth certificate of the reality of the state of palestine. >> 138 generally assembly -- general assembly members voted in favor of upgrading palestine to the status of nonmember observers say. israel opposed the status change, saying the resolution will not help further the peace process. >> the truth is nothing will change if they continue to boycott israel and boycott peace talks. that is the only way to move forward. >> as a further respon
Nov 30, 2012 6:00am PST
at the u.n., folks. palestinians get a big reward from that organization. how the u.s. and israel is reacting to that move. we'll tell you. martha: plus everyone from president obama to rapper jay-z is on "time" magazine's short list for person of the year but what does it say about leadership and who we are looking to in america right now when this south korean internet sensation is a serious contender for the magazine's cover page? ♪ . [ malannouncer ] it'that time of year again. time for cii price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. buy now. save later. i've got a nice long life ahead. big plans. so when i found out medicare doesn't pay all my medical expenses, i looked at my options. then i got a medicare supp
Nov 30, 2012 4:00am EST
factor it in? >> certainly you could consider what will be israel's response in relation to the development of iran's nuclear program. now that we've passed u.s. elections, will they show up and potentially suggest military intervention. of course that kichd development could easily add $10 to $20 on the i'll price. relative to demand, i think we're more optimistic in the sense that we're seeing the u.s. economy turn around. we have positive readings in chinese pmi data. we short term we'll get a seasonal kick with winter setting in. so all of those aspects in terms of demand will be supportive of prices. but it's ultimately very difficult to sort of balance out the net effects of trend growth in the world economy versus supply side risk and geopolitical tension. we're typically constructive on oil prices, but again with an element of caution. there are other risks out there especially in the shoth term. concerns over the u.s. fiscal cliff, for example, is one of them. >> and as you mentioned, concerns about the relationship. a hoegs was passed by by a pretty good margin.